Comparative Advantage DRAFT. Winter Term 2014 Comparative Advantage Study Questions (with Answers) Page 3 of 6 (8) 6. The Opportunity Cost For Switzerland To Produce One Smartphone Is 0.75 Fitness Bracelet, B. Preview this quiz on Quizizz. Specialization and trade along the lines of comparative advantage allows nations to consume more than if they were to produce just for themselves. ... Country A has the comparative advantage in chairs & Country B has the comparative advantage in shirts. B. The diagram shows the production possibilities curve for Country Y. (B) Robin has both an absolute advantage and a comparative advantage in making pizzas. (D) Dana has a comparative advantage in making D. Greece has a comparative advantage in wine production. Which of the following statements is true? (C) Dana has a comparative advantage in making both smoothies and pizzas. A country cannot have a comparative advantage in producing a particular good unless it first has an absolute advantage in producing that good. Comparative advantage in producing a certain item arises from being the first country to manufacture that item. O A. (A) Robin has an absolute advantage in making smoothies and a comparative advantage in making pizzas. a. Free trade theory suggests that when trade takes place any gain made one nation comes at the expense of another c. Which of the following statements is true about comparative advantage? C. A country cannot have comparative advantage in producing a certain item if it incurs an increasing opportunity cost in … Which of the following statements is true? B) Some very untalented people have a comparative advantage in nothing they do. The opportunity cost of producing more machines is constant. B)Comparative advantage is interesting theoretically, but it is not relevant when evaluating real-world economic conditions. 123. Comparative advantage in sleds. Output Per Hour Of Work Smartphones Fitness Bracelets 9 12 6 5 Switzerland Canada Which Of The Following Statements Is True? Which of the following statements is true? O A country that has the absolute advantage in producing a good also has the comparative advantage in producing that good. Question: Which Of The Following Statements Is True About Free Trade: A. Free Trade Allows Nations To Gain From Specialization C. Both A & B D. None Of The Above b. D) It is possible to have an absolute disadvantage in doing something but still have a comparative … A country can have a comparative advantage without having an absolute advantage. Which of the following statements is true? answer choices . Multiple Choice Comparative advantage and absolute advantage are identical terms. d. Suppose that Australia and Brazil have the outputs per worker in producing sleds and clarinets shown in the table at the right. Which of the following statements is true? Given the data in the chart above, which of the following statements is true? If Country Y is producing at point C, it is using all its resources efficiently. Question: Using The Numbers In The Table, Determine Which Country Has A Comparative Advantage In Producing Each Product. b. C. Greece has an absolute advantage in wine and olive oil production. The U.S. has a comparative advantage and an absolute advantage with nearly all … B. Italy has an absolute advantage in wine and olive oil production. following statements is true? A. France has a comparative advantage in olive oil production. Then Brazil has a a. 11th - 12th grade. A) Some very talented people have a comparative advantage in everything they do. c. Absolute advantage in sleds. ... Country A has the comparative advantage in chairs & Country B has the comparative advantage in shirts. 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